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Supreme Court of India upheld NCLAT order restoring CoC in Think & Learn Private Limited insolvency. Bench of Justice JB Pardiwala and Justice Vijay Bishnoi dismissed appeal by Byju Raveendran.
The Supreme Court of India on Monday refused to interfere with an order of the National Company Law Appellate Tribunal which had restored the original Committee of Creditors (CoC) in the insolvency proceedings of Think & Learn Private Limited (TLPL), the parent entity of Byju’s. The decision effectively affirms the earlier composition of the CoC, which includes Glass Trust Company LLC as a major financial creditor.
A Bench comprising Justice JB…